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Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
Aug 29, 2023
Project Estimated Start Date
May 31, 2023
Project Estimated End Date
Jul 30, 2026
Client Legal Name
INCOP
Project Description
The Government of Costa Rica, through INCOP (Instituto Costarricense de Puertos del Pacífico), has mandated IFC to be the lead advisor on the structuring and implementing of a competitive tender process for the modernization and expansion of Caldera Port, through which a private operator will be selected as concessionaire to design, finance, build, operate, and maintain the port.
Development Results
The concession is expected to address the port’s current capacity constraints and cargo handling limitations, promoting its modernization and the expansion of both its container and bulk cargo handling capabilities. The concession will allow the port to serve deep-draft vessels, creating opportunities for new direct-service routes with large vessels and thus better integration of Costa Rica into new global value chains.
Indicator
Cumulative
Number of reports accepted by client
0
Number of successful bids
0
Number of agreements (concession, etc.) signed
0
Number of bids conducted
0
Value of financing facilitated (US$)
0
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 2. Labor and Working Conditions
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 6. Biodiversity Conservation and Sustainable Management of Living Natural Resources
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 3. Resource Efficiency and Pollution Prevention
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 4. Community Health, Safety and Security
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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